Use 2018 tax rates

10. Nick and Sue have the following capital items for their 2018 tax return: $13,000 10,000 12,000 Carry forward of Short term capital loss from 2017 Short term capital gain Long term capital loss What gain, if any, must they pay tax on, or how much loss can they deduct on their 2017 Tax Return? Deduct a $15,000 long term loss Deduct a $3,000 long term loss Deduct a $3,000 short term loss and carry forward a $12,000 long term loss Deduct a $25,000 short term loss None of the above a. b. c. d. e